SEC Form 4 · accession 0001179110-17-002281
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
David A Tonnel
Officer — SVP, Controller & Supply Chain
Period of report
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 5:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001451505
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Registered Shares | Feb 9, 2017 | A | 14,377 | $0.00 | A | 14,377 | D | |
| Registered SharesF1 | Feb 13, 2017 | F | 3,928 | $13.23 | D | 10,449 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $13.35 | Feb 10, 2017 | A | 46,657 | A | — | Feb 10, 2027 | Registered Shares | 46,657 | 46,657 | D |
| Deferred UnitsF3 | $0.00 | Feb 10, 2017 | A | 24,205 | A | — | — | Registered Shares | 24,205 | 24,205 | D |
Explanation of responses
- F1Shares sold upon vesting to satisfy tax withholding obligations.
- F2On February 10, 2017, the reporting person was awarded 46,657 stock options which vest as follows: 15,552 on February 10, 2018; 15,552 on February 10, 2019; and 15,553 on February 10, 2020.
- F3The Deferred Units were acquired on February 10, 2017, by the reporting person pursuant to the Issuer's long-term incentive plan, and vest as follows: 8,068 on March 1, 2018; 8,068 on March 1, 2019; and 8,069 on March 1, 2020.